Oracle Corporation (ORCL) PT Raised to $59.00 at Barclays PLC

Oracle Corporation (NYSE:ORCL) had its price target increased by research analysts at Barclays PLC from $55.00 to $59.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the enterprise software provider’s stock. Barclays PLC’s target price points to a potential upside of 21.05% from the company’s current price.

A number of other research analysts have also commented on the company. Bank of America Corporation cut their target price on Oracle Corporation from $62.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, June 30th. Zacks Investment Research lowered Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Argus upgraded Oracle Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, June 23rd. KeyCorp upgraded Oracle Corporation from a “sector weight” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Wednesday, July 5th. Finally, OTR Global upgraded Oracle Corporation to a “positive” rating in a research note on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $52.44.

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Shares of Oracle Corporation (NYSE:ORCL) opened at 48.74 on Friday. The stock has a market capitalization of $201.62 billion, a P/E ratio of 22.05 and a beta of 1.05. Oracle Corporation has a 52 week low of $37.62 and a 52 week high of $53.14. The company’s 50-day moving average is $49.96 and its 200 day moving average is $46.98.

Oracle Corporation (NYSE:ORCL) last issued its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. Oracle Corporation had a return on equity of 21.05% and a net margin of 25.34%. Oracle Corporation’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities analysts forecast that Oracle Corporation will post $2.94 EPS for the current fiscal year.

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In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $51.39, for a total value of $7,708,500.00. Following the transaction, the executive vice president now directly owns 177,988 shares in the company, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,817,500 shares of company stock worth $91,582,600. 29.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ORCL. Acrospire Investment Management LLC increased its position in shares of Oracle Corporation by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. Burt Wealth Advisors increased its position in shares of Oracle Corporation by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after purchasing an additional 88 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Oracle Corporation by 1,150.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 2,300 shares during the last quarter. TrimTabs Asset Management LLC increased its position in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its position in shares of Oracle Corporation by 9.2% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock worth $123,000 after purchasing an additional 206 shares during the last quarter. 58.67% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Corporation Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.